Lordstown Motors shares tumbled nearly 10% in early trading

Tiger Newspress2021-10-05

Lordstown Motors shares tumbled nearly 10% in early trading.

Lordstown stock price target cut to $2 from $8 at Morgan Stanley.

Morgan Stanley lowers Lordstown Motors Corp. to an Underperform rating from Equal-weight after a significant reset of its forecasts and valuation as it factored in last week's update from the electric vehicle maker.

Analyst Adam Jonas: "While the agreement with Foxconn helps secure the future of the Lordstown plant and buys time to explore other business opportunities for RIDE (new programs,new platforms, new segments that have yet to be developed), we believe there would likely be little left for shareholders."

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精彩评论

SilentWarrio
2021-10-08
SilentWarrio
Noted
BGTAN
2021-10-08
BGTAN
Yah
vaztan
2021-10-08
vaztan
China EV stock is better
- BGTAN:
  ok
clingling
2021-10-07
clingling
Like pls
- clingling:
  @@
3ddimation
2021-10-07
3ddimation
Nice
Prosperity88
2021-10-07
Prosperity88
Goood

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